Sanyo post full-year profit for first time in 4 years

ChrisOliver

HONG KONG (MarketWatch) -- Sanyo Electric Co. Thursday posted full-year net income for the first time in four years, reflecting strong sales of digital cameras, rechargeable batteries and other consumer products.

For the year ended March 31, the Osaka, Japan, company earned 28.7 billion yen ($277.6 million), compared with a loss of 45.4 billion yen in the year-earlier period. The result was more than double Sanyo's forecast.

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